Good morning!☕🗞️
Check out the open interest of the Nifty50, Bank Nifty and F&O stocks that are making the headlines ⤵️
Options setup (Expiry: 8 June)
| Nifty50 Max Call OI | 18,600 |
| Nifty50 Max Put OI | 18,500 |
| Max Pain | 18,500 |
| PCR | 0.69 |
| Bank Nifty Max Call OI | 44,000 |
| Bank Nifty Max Put OI | 44,000 |
| Max Pain | 44,000 |
| PCR | 0.63 |
⭐Coal India plunges
₹203 ▼11 (-4.6%)
Shares of Coal India plunged on Thursday after the government said it plans to sell up to 3% stake in the state-owned coal miner. The government is looking to raise around ₹4,000 crore from the stake sale. In light of this, its June futures contract’s open interest (+69%) rose and price fell – indicating long unwinding.
⭐Bajaj Auto hits 52-week high
₹4,641 ▲74 (+1.6%)
Bajaj Auto shares surged on Thursday after the company reported a 29% YoY jump in May sales to 3,55,148 units. In the two-wheeler segment, the company’s sales grew by 23% to 3,07,696 units. Against this backdrop, the open interest (7%) and price of its June futures contract rose, suggesting long build-up.
⭐Laurus Labs shines
₹340▲9 (+2.8%)
Shares of Laurus Labs rose after the company said it bought an additional 7% stake in the cell and gene therapy company, Immuneadoptive for ₹80 crore. In light of this, its June futures contract’s open interest (+5%) and price increased – indicating a long build-up.
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